Archive for month: September, 2016
http://prudentasset.com/wp-content/uploads/2016/09/iStock_000006962623Small-175x150.jpg 150 175 Prudent Asset http://prudentasset.com/wp-content/uploads/2015/10/prudentv2white-01-300x138.png Prudent Asset2016-09-01 15:51:092016-09-06 15:58:45Taxation of Life Insurance
Permanent life insurance, such as Whole Life or Universal Life, has long been accepted as a tax efficient way of accumulating cash for future needs. Soon the amount of funds that can be tax sheltered within a life insurance policy will be reduced by new tax rules which take effect January 1, 2017. These changes may make 2016 the best year to buy cash value life insurance.